DUBAI, JANUARY 30: India's largest mutual fund company, UTI, will shortly lay down guidelines for appointing its own directors on the board of companies in which it has equity stakes to ensure good management, company's chairman P S Subramanyam said."We will study the recommendations of the recent report of the `committee on corporate governance', appointed by SEBI and chaired by Kumaramangalam Birla, before laying down the guidelines for appointing our nominees on the board of other companies where it is necessary," Subramanyam said.Making it clear that UTI, with assets worth over Rs 672 billion, would not have representation in all companies, he said the move was only to ensure "good management". "UTI is committed to transparency," he said yesterday.
